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is that sandy had no substantive effect on the data. here are the numbers. unemployment down to 7.7%. the economy added 146,000 jobs, not great but good. a third of that came from the retail sector. 53,000 jobs added. professional and business services up 43,000. leisure and hospitality up. construction, though, lost 20,000 jobs. we should note that jobs numbers were revise d downward, though, for september and october. in september it was revised from 148,000 gain to 238,000. went from 138,000 to 132,000. this month, the 7.7 is a full point lower than where we were at this time last year. so what are we supposed to make of these numbers and does the november report provide us a real sense of where this recovery is right now? let's bring in the man we like to bring in every month, the chief economist for moody's analytics. mark, i have to start with this sandy impact. the labor department specifically put out a statement saying our survey response rates and the affects ee eed states. it did not affect estimates for november. do you believe that? >> i'm skeptical. i mean, new yorke
at the economic recovery, but how accurate will the numbers be in the wake of hurricane sandy? >>> the nfl commissioner is considering eliminating the kick off ya in football games. would it make the game safer. >> coy wire is a sports analyst. chad sweet is a former cia director of operations. and ken baer is a white housed a virus. todd carmichael is the host of dangerous grounds. howard kurtz will join us. and economic diane swonk rounds things out for us today. "starting point" begins right now. >>> good morning. welcome, everybody. let's begin with developing news this morning. a tsunami threat to tell you about was just lifted in japan. the country was rocked by a powerful 7.3 magnitude earthquake. it hit off the coast of tokyo. the buildings there shaking. you could see some of the video showing the degree to which they were shaking. alex, what's the latest? >> reporter: it has been a very, very tense few hours here in japan after you mentioned a 7.3 magnitude earthquake striking late here in the day on friday. but just in the past 90 minutes or so, the all clear has been given. the
no effect, as many had expected, from hurricane sandy. this all comes as we get word that the fiscal cliff talks will boil down to what happens between two people and only two people. president obama and john boehner. even all sides of the party are excluded. >>> with 25 days before taxes go up for nearly every single american, what effect will the jobs report have on the fiscal standoff? we'll get live remarks from john boehner who is going to try to use the jobs report to the republican's advantage. representative, let's start with the november jobs report numbers. they look very good, good news overall for the koirnlt tree. but speaker boehner said this, the democrats plan to slow walk our economy to the edge of the fiscal cliff instead of engaging in serious talks to avert the cliff, that includes spending cuts and tax reforms the president once supported. the white house has only offered a joke. i understand we have speaker boehner to the microphones. let's take a listen. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wast
. i am talking about it saying i think it's good for this country. ruth is in sandy hook connecticut. >> good morning, bill. i am calling to say, please keep feeling guilty. >> why? >> because this adorable company does things to make sure that they don't pay taxes in the u.s. there is a thing called -- this was in "the new york times." it's double-dutch sandwich which reduces taxes by routing profits through irish subsidarbs like they are in i think arizona, even when they do things in california they manage to ship a part somewhere else. so they are one of the worst, even worse than wal-mart in terms of what they might have contributed to to. i take it that $24,000,000,000. >> they are avoiding in taxes . >> one little tiny thing, they have had the opportunity over the courses of the years to do things in a much safer way when they manufacture in china and all over the place. >> no. there have been stories about the working conditions in china which is another reason i am glad these jobs are coming here. ruth ruth, you make a good point.
, but at the end of the day there are fundamental lives at stake. when we filed this case chris and sandy and jeff and paul had been together for ten years. now they have been foth for almost 12, over 13 years. chris and sandy's twin boys were just entering high school. when this case is heard, they will be getting ready to graduate from high school. their moms deserve the same freedom to marry just as everyone else has in this country. and in this country we don't deny a certain portion of our citizens a fundamental right. we just don't. it's not american. >> isn't it true that when we had this in the court in the ninth in the appellate level, nobody came forward because nobody could come up with what you call a justification, some compelling reason. just chat on that point. you raised it. there's no compelling reason against giving the rights to people, the right to marriage. >> that's exactly right, chris. it's important to note in both of these cases, the united states government has refused to defend doma, the federal law that's now before this court, and when we filed the case right here in
is simple, the impact of hurricane sandy. but 146,000 jobs were added and the unemployment rate ticked down to 7.7%. but stalled negotiations in washington have a lot of employers and taxpayers still concerned about what's to come. joining me now is jim, economics correspondence for "economic journal." jim, good morning. >> good morning to you. >> these numbers are much better than the early estimates. what's behind them? >> well, they are better than we thought they would be because it doesn't have any impact of hurricane sandy. there wasn't a big displacement of people looking for work. now, let's get a couple of things down here, though, to start with. there are still 12 million unemployed americans. the unemployment rate fell for reasons that we don't like very much. people leaving the labor force. this is a better report than we expected it to be but still not a great report. >> now the question is, what goes on with the fiscal cliff? could the number get any better? >> i think that is the hope on wall street and republicans that have been talk ug for years and of the business communit
hurricane sandy hit. transportation was blocked. power was out for a big swath of the country. factories had to stop producing. the economy particularly in the northeast was a mess. there was no way to survey it well. that, the economists say is why their expectations are so low for tomorrow. the good news is the hurricane's affects are reversing and quickly. the number of people filing new claims for unemployment benefits rocketed in the week of the hurricane. last week fell just as rapidly. we will eventually know what happened to the labor market in november. but as my "washington post" colleague neil irwin writes, probably not until december 21st or so when the state by state jobs numbers come out, that we can filter out the states hit by the hurricane and see what's going on in states where the economy was relatively normal. done. whatever the number is -- time to spare. whatever the number is tomorrow, don't freak out, don't worry about it. at least not yet. and that much freshness is gonna take some getting used to... [ sniffing ] yep. it's amazing what a single scoop of gain freshnes
a little problem because of what happened with hurricane sandy. but we will still have about 100,000 new jobs. we are approaching about 4 million jobs now that have been created. that does not merely make up for what was lost during the bush years, but we are making progress. people in america realize we cannot have a top-down economy that the republicans so glove during the bush years and they wanted to create begin with governor romney. mr. president, i would be happy to take -- and they want to have again beginning with governor romney. mr. president, i would be happy to take a look at the proposal. if that is what they want to do, i would be happy to seriously take a look at that and report to the white house and my caucus. but until then, i object. -- r. president >> that has been heard. >> the majority leader says that the republicans do not know who the quarterback is which is common when you do not have the president. but on the democratic side, you know who the quarterback is and he is throwing interceptions. we're moving backward and backward and backward toward the goal line f
not only because of the election, maybe firms sitting on their hands but superstorm sandy. still, guys, the number much better than expected. few tuesday, which were down right before the numbers hit, turned around. they are now higher fractionally so a big turn for stock futures and better than expected jobs number for november. i can dig in more once i get to the website. but those are your headline numbers. better than expected. >> gillian, better than expected. a lot of people blamed hurricane sandy again but that's encouraging. >> i have two economists, a liberal, who both said it was going to be somewhere between 80,000 and 100,000 jobs -- say that go sandy was worth 80 -- negatively 80,000 to 100,000. you take 146,000 and this could have been a 200-plus number. >> it's interesting because it ties in with consumer data we've been seeing which actually, you know, is not great. it's not buoyant, but it's not bad. and you look at the fact what american households have been doing recently with debt and the degree of debt they've been repaying, sort of deleveraging. you add it togethe
it all. >> this next picture is superstorm sandy. the president with mike bloomberg and janet napolitano touring the damage. you can just imagine how grim that tom donlon -- i'm not sure if tom is also in the picture. you can see what they're looking at. >> right. you know, the one that -- he's not in this picture, but what jumps in my mind is the criticism that chris christie got over saying nice things when president obama went up to new jersey to tour the devastation. i just think the seriousness that's conveyed in this picture, i almost never say this. there are things in which politics takes a very far back seat. this is one of them. >> take a look at the next picture. we were talking a few minutes ago about possible cabinet choices. there's dennis mcdone noug on the right and jack lou is if he's the treasury secretary and tom lon lan, the national security adviser. the president is so comfortable with these insiders. these are great pictures by pete suza. look at air force one. the president is in marine one coming in behind. there's air force one that's a wonderful picture. finall
's an entitlement. >> if you have cancer and you don't have health insurance, that's hurricane sandy. >> can you name me one person that saved their lives by a handgun? >> millions. >> women are victims of violence all the time. they can make better decisions. >> learn to protect themselves. >> or make better decisions. >> let's get right to our panel now pop toure is a colleague of mine and a host of "the cycle." karen finney and michelle cottle. karen, if i might begin to you, let's start with the breaking news. i want to start with your reaction to news this hour the supreme court will rule on california's gay marriage ban and the defense of marriage act. should same-sex marriage advocates, karen, be nervous or pleased about this? >> i hope that history will show they should be pleased and that this will be the day that, you know, this process where in the same way that loving v. virginia opened up rights for people like my parents to get married, this will be the beginning of the decision where we recognize that same-sex couples should enjoy the same rights and benefits of marriage. i hope i
joy behar -- >> stephanie: yes! >> this is the comics benefit for sandy relief. it will be with colin quinn, daryle hammond, susie essman rosy perez, and me. you can come to the actual big show monday night at www.92y/org comics. >> stephanie: do it. >> i think people actually spell susie essman to insult them. >> stephanie: yes. [♪ "world news tonight" theme ♪] >> stephanie: representative washington fox. >> oh yeah. >> stephanie: the republican in north carolina she [ inaudible ] a lonely staff member for daring to step foot in the members only elevator. the regular elevator was being occupied by furniture movers and as soon as fox stepped into the elevator she allegedly demanded to know for who the staffer worked before demanding that she get out. and then she directed to the sign posted in the elevator and said i just hope we are hiring people that know how to read. >> wow! [ applause ] >> stephanie: karl rove will be fax on fox news. >> did a producer get permission. >> stephanie: yeah doing fox business, barney and company. >> nobod
Search Results 0 to 16 of about 17 (some duplicates have been removed)

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